# Stytch

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/stytch

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.stytch.com
- Total disclosed funding: $116M
- Latest round: Series B (Nov 9, 2021)
- Investors on record: 4

## About

Stytch, Inc., based in the US, operates as a provider of identity solutions, offering advanced authentication, authorization, and security services tailored for applications across various sectors.Founded in 2020 and headquartered in San Francisco, US, Stytch, Inc. specializes in identity solutions. The company has undergone strategic growth, raising USD 80.25 mn in a Series B funding round in November 2021, led by Coatue Management alongside Benchmark, Index Ventures, and Thrive Capital. CEO Reed McGinley-Stempel co-founded the company, aiming to enhance digital security solutions.Stytch provides a comprehensive identity platform designed to facilitate authentication, authorization, and security for applications across various sectors. Its core offerings include multi-factor authentication (MFA), single sign-on (SSO) capabilities, and role-based access control (RBAC), all geared toward enhancing enterprise readiness and threat resistance. These features empower organizations to implement user self-service for authentication configurations, SSO setups, and SCIM management. Stytch's solutions cater to a diverse clientele, including B2B SaaS providers and consumer applications, with an emphasis on markets in North America and Europe. By enabling seamless integrations and customizable components, the company addresses the evolving security needs of enterprises while ensuring a frictionless user experience.Stytch operates on a subscription-based revenue model, offering tiered pricing plans that align with the needs of its enterprise clients. The transaction structure typically involves direct partnerships with organizations seeking to enhance their authentication processes through Stytch's services. Clients engage with Stytch to access features such as SMS and email authentication, device-aware MFA, and embedded admin portals for user management. These services are integral to the overall package, providing clients with a tailored authentication experience. Pricing structures are designed to reflect the comprehensive nature of these offerings, ensuring that organizations can scale their authentication capabilities as required.Following its Series B funding round of USD 80.25 mn in November 2021, Stytch, Inc. plans to utilize the capital to expand its 30-person team and enhance its infrastructure. The company is also focused on developing new products and services, with specific plans to enter additional markets in North America and Europe by the end of 2023.

## Funding rounds

- Series B, Nov 9, 2021, $80M — Benchmark, Index Ventures, Coatue Management, Thrive Capital
- Series A, Jul 14, 2021, $30M — Benchmark, Index Ventures, Coatue Management, Thrive Capital
- Seed, Jun 1, 2020, $6M — Benchmark, Index Ventures

## Investors

- Benchmark (https://capitalatlas.ai/funds/benchmark) — Seed, Series A, Series B
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Seed, Series A, Series B
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series A, Series B
- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Series A, Series B